Latest news with #rentvesting
News.com.au
14 hours ago
- Business
- News.com.au
Single mums reveal how they became property investors
For two Victorian single mums, a novel approach to property investment is helping to ensure their financial future. Melbourne-based Eda Property founder Anissa Cavallo, a single mother herself, works with many solo parents across Australia to help them get into rent-vesting. This involves renting where you want to live, or can afford to, while investing in a home that suits your budget and then leasing it out. Ms Cavallo described rent-vesting as a good option for some single parents as 'it's just more affordable from a cash flow perspective'. 'It also means that we can live near the schools that we want to live in or near our friends or near our family without worrying about affordability,' she said. For single parents concerned about entering the property market, Ms Cavallo said that being willing to work was the first step, in order to start saving money. 'You just have to get the right advice and take the plunge, there are so many options available to people these days,' she said. One of Ms Cavallo's clients is Sarah Markwick, 48, a part-time business development manager with two daughters. Ms Markwick, who was a stay-at-home parent while she was married, rents in Melbourne's eastern suburbs. She has bought an investment property in Melton South and is planning to build another one in Bendigo, with Ms Cavallo's advice. Ms Markwick has previously owned and sold six homes, initially saving up for a deposit for the first home and making her way from there. The Melton South house is the seventh abode she has bought but her first investment property. 'I didn't follow a traditional path, I focused on buying in areas with growth potential – sometimes it paid off, sometimes it didn't,' Ms Markwick said. 'I actually took a loss on one home to pursue a better opportunity, but overall I came out ahead, which allowed me to buy the Melton South property.' Ms Markwick started on the path to rent-vesting to develop investment opportunities to help support her during her retirement. 'As a single mum without a second income … I wasn't going to get what I needed through working,' Ms Markwick said. She added that it was important for single parents not to compare themselves to others. 'My advice to other single parents: have a plan, be patient, and educate yourself on all the options out there,' she said. Another single mother and client of Ms Cavallo is Brooke Smith, a 42-year-old entrepreneur who spent re-entered the property market after spending years focused on parenting and building up her businesses – a 3D visualisation agency specialising in real estate, Lucid Vue, and a networking platform dedicated to sport and wellness, The Gambit Club. She rents in Melbourne's south east and has purchased a Strathtulloh block where she is planning to build an investment property. Ms Smith said that her method to saving a deposit was simply 'putting money aside consistently to make it happen'. She's is aiming to build a small portfolio of investment properties, hoping to secure three properties across the next three to five years. Her involvement in real estate through her own business has helped to make informed decisions and spot opportunities early, she said. 'For other single parents, my biggest tip would be to back yourself and play the long game, even small, consistent savings add up,' Ms Smith said. 'And don't be afraid to explore non-traditional path ways like rent-vesting – it's about finding what works for your life, not anyone else's version of success.'
Daily Mail
25-05-2025
- Business
- Daily Mail
Tradie buys 11 homes by the age of 28 - here's how he did it
A 28-year-old construction worker who downed tools after building a $6million property portfolio from the comfort of his beachside rental has revealed how he defied the odds stacked against young home buyers. Dylan Adkins lives with friends in a rented beachside home on the Gold Coast. He surfs regularly, snowboards a couple of times a year, plays footy, studies real estate and works as a buyer's agent at Buildup Buyers Agency. At the age of 24, Mr Adkins became a 'rentvester' - someone who rents in a lifestyle location while owning investment property in a more affordable area. 'I'd originally saved with the intention of buying an owner-occupier in Brisbane, but realised those funds could actually cover two deposits for investment properties,' he told The Courier-Mail. 'I had a mentor at the time, my old boss, who always preached the importance of trusting experts. He built his wealth by staying across everything, but relying on specialists.' His first purchase was a rundown three-bed home in Moreton Bay, about an hour north of Brisbane, for $481,500 in 2021, having saved up for a deposit with 'blood, sweat and tears'. Since then he has paid out a total of $4,291,500 building a portfolio than now includes homes in Adelaide, Cairns and Toowoomba on top of another three homes and four units in Townsville. Mr Adkins estimated the value of his portfolio at about $5.88million - giving him an on-paper profit of $1.5million. As a buyer's agent himself, the 28-year-old knows how to secure discounts of as much as $40,000 off the asking price. But he said no inside knowledge was needed for those who do their due diligence. 'I make sure we understand the local market in detail: recent sales, what properties are renting for, how long listings are sitting on the market and what other buyers are doing,' he said. 'That way, the offer isn't emotional – it's backed by real numbers and market context.' In a video posted to Instagram, he recommended the following to anyone seeking to invest in property: buy initially in a high-growth area, use that equity to fund subsequent purchases in diversified locations and always keep an eye on cash flow. He doesn't take his lifestyle for granted and nor should he given the struggles most young Aussies find themselves trying to afford a deposit on their first home. Research from Aussie Home Loans recently found Australians were increasingly holding off on getting married to instead buy their first home. Home loans to unmarried couples - 'de facto mortgages' - increased from 15 per cent of all mortgages in 2015 to 27 per cent in 2024. Domain's most recent first home buyers report found young Australians last year took an average of one month longer to save up for a home deposit than the year prior. Over the past five years, prices for first home have increased by nearly 60 per cent for house and 27 per cent for units. At the same time, inflation has increased by 20 per cent against wages growth of only 15 per cent meaning Australians are being paid less in real terms, while having to spend much more on a home. And, with the average rental becoming increasingly expensive - up 4.8 per cent on average last year according to CoreLogic - the dream of 'rent-vesting' may be harder to realise. But Mr Adkins says a data-driven approach to investment, cash-flow from high-demand rentals, and unstinting rises in property prices, means those who follow his lead can be all but assured of steady returns. 'Instant gratification? Absolutely not,' he said on Instagram. 'The first 12 months, I bought two properties and that was from blood, sweat and tears savings. From there, I was able to buy two more in the next 12 months. 'I then proceeded to have to take approximately eight months off and the last seven were bought in the space of five months and that came from extensive finance strategy planning.'
